Toyota says China JV to relocate, boost output

TOKYO (Dow Jones)--Toyota Motor Corp. (7203.TO) said Monday that its joint venture in China will relocate its plant and more than double production capacity.

The company said Sichuan FAW Toyota Motor Co., a joint venture with China FAW Group Corp., plans to relocate its Chengdu city plant to an economic and industrial zone in the city by the first half of 2010 and boost annual production capaicty to 30,000 vehicles fom the current 13,000.

Overall investment is esimated at 3.6 billion yuan.

Together with another plant in Changchun, Jilin province, the joint venture will have an annual capacity to churn out 40,000 vehicles.

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